To maximize the satisfaction from consuming several different goods, expenditures must be allocated toward goods that have the lowest prices.

Name: To maximize the satisfaction from consuming several different goods, expenditures must be allocated toward goods that have the lowest prices.
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Question

Quizplus · Accepted Answer

To maximize satisfaction from consuming several different goods, expenditures must be allocated so that the marginal utility per dollar spent is equal across all goods, not just toward goods with the lowest prices.

To Maximize the Satisfaction from Consuming Several Different Goods, Expenditures